insuring finances are not hidden business

Inquire about discounts: Ask your insurance agent about available discounts since not every money-saving enhancement is advertised. Some companies offer discounts of five to 15 percent if you buy both types of coverage from them. Use one insurance company: Consider buying homeowners and auto insurance policies from a company that offers both. Raise the deductible: Going from $500 to $1,000, you could save as much as 25 percent of your overall premium. Here are a few things you can do to lower your insurance premium and get the best possible rate: One of the provisions may be an automatic increase in your deductible that you can opt out of. It provides valuable information for the insured including: the limits of coverage the agent or insurance carriers’ contact information the types of coverage the deductible the premium and various disclosures and disclaimers relating to various provisions of the policy and your rights. It is also important to read the “Declarations Page” of your homeowners insurance policy.

Grave markers: Damaged or vandalized tombstones, grave markers, or urns that belong to you.

Attorney fees: Legal cost and fees that you may be come legally liable to pay.Camping trip: Personal possessions you take with you on vacation are likely covered under an “all risks” or “personal possessions” policy.However, some companies exclude certain breeds, especially if the breed is illegal to own in your jurisdiction. Dog bites: There is some protection under the personal liability provision of your standard homeowners insurance policy.Mold damage: Depends on what caused the mold and the policy coverage you have.Guest who is injured at your party or possibly at an offsite event: May have “goodwill” coverage under the medical payment section of the homeowners policy.

In-home business: Damages are usually covered up to $2,500 on the premises of a home-based business, and $250 off premises.Theft of items inside a car: Personal property if stolen from within your car due usually due to a forced entry.College student’s property: Personal property in an on-campus dorm room under the parent’s insurance policy.Spoiled food coverage: Refrigerated and freezer items due to power outages caused by a major storm, high winds or flood.Here are some hidden benefits that may be covered by your homeowner’s insurance policy: Many homeowners think that their homeowners insurance covers only the basics such as damage to their home or personal property.

Before you spend out of pocket money on mold and mildew in your home, stolen items from your car or spoiled food after a storm, check to see if it is covered under your homeowners insurance policy.

Insuring finances are not hidden business